Lord Myners, the former Treasury Minister, will lead a review of how the
scandal-ridden Co-operative Group is governed for a token salary of £1 a
year after being named its first non-executive director.

The City veteran will take responsibility for a project already under way
which is examining the mutual’s “democracy” and how its board is constituted.

Some onlookers expect significant changes. Co-op’s board of 19 members
consists of 14 elected representatives from the Co-op movement and five
heads from the larger regional Co-ops, including Ursula Lidbetter, chief
executive of the Lincolnshire Co-operative, who took over as chairwoman of
the